Worldcoin's WLD Token Price Surges as Lock-Up Period for Investors Extends to Five Years
Daily Top Performer — Ripple (XRP)
The SPX index was down by 1.39%, this downturn was influenced by global chip stocks reacting negatively to potential expanded trade restrictions and harsher sanctions against firms engaging with China, proposed by the Biden administration. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 0.96% and 0.82%, respectively in the past 24 hours.
Today's top performer is XRP, which surged 3.7% following Ripple's recognition as one of 2024's top global fintech companies by CNBC and Statista.
Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. Ripple was recognized as one of the world's top fintech companies in 2024 by CNBC and StatistaCharts. This acknowledgment came as part of the annual listing of the top 250 fintech companies globally, highlighting innovative firms across various market categories. Ripple thanked its employees, customers, and supporters for their contributions to this achievement. The recognition aligns with a transformative year for the fintech industry, marked by a normalization of market valuations and continued innovation, despite a decline in global venture funding from previous years.
Check Out the Latest Prices, Charts, and Data of XRPUSDT Perp and XRP/USDT Spot!
Talk of the Town:
Worldcoin's WLD token soared to $3.13, its highest price in a month, following an announcement that the lock-up period for investor and team member tokens has been extended from three to five years. Originally set to begin unlocking in July 2024, the new schedule will now extend to July 2028, effectively reducing the daily unlock rate by about 40%. This move aims to allow the Worldcoin protocol more time to mature before these tokens become accessible. Despite these changes, grants for verified World ID holders remain unaffected, with over 6 million individuals already participating in the network. The Worldcoin Foundation reported that over 211 million WLD tokens have been claimed by these holders.
Check Out the Latest Prices, Charts, and Data of WLDUSDT Perp and WLD/USDT Spot!
Spot Bitcoin ETF Flows:
Category | Flow (millions) |
GBTC | (53.9) |
Non-GBTC | (3.2) |
Total | (57.1) |
Crypto markets rallied due to significant inflows into Bitcoin spot ETFs, totaling $722 million this week, with Bitcoin's price increasing to $65,200. Yesterday saw the first outflow totalling $57 million over the past week. Major contributions came from BlackRock and Fidelity's ETFs.
Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!
Airdrop to Watch:
The Hyperliquid ecosystem, a Layer 1 blockchain, has seen a significant rise in its total value locked (TVL), nearly doubling to $653 million since introducing native spot trading. This growth is fueled by successful Hyperliquid Improvement Proposals and the launch of its native memecoin, $PURR, which has surged 187% in value. The platform's new points program and subsequent token airdrops have also driven increased user engagement and investment, establishing Hyperliquid as a major player in the derivatives market.